3 properties in less than 12 months, here’s how she did it
Bonnie Cresswell started out with the “must pay off my mortgage before investing in anything” mentality, but after doing a bit of research on her own, she realised it isn’t actually necessary to do so.
Growing up on welfare, having a secure shelter was always a propriety when Bonnie was growing up. She reveals how she used to believe “debt is bad”, how education and her choices allowed her to become an investor with three investments and a principal place of residence in her early 40’s, as well as how the Smart Property Investment Show provided her with the insights to invest with a quick turn over of properties.
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The Tasmanian born investor reveals her plans for her future, how her “complete 180 degree flip” in her mind set came about and how the restructuring of her finances and cashflow helped with her first investment.
You will also find out how property in different states grows differently, how buyers agents can assist a purchase and why she uses a line of credit.
SUBURBS MENTIONED IN THIS EPISODE:
Sydney
RELATED AREAS OF INTEREST:
SA4 areas largely seeing growth over the last five years
How brain surgery turned this investor's passion for property into a career
A guide for buying in NSW, Victoria and Queensland from making an offer to settlement
Finding the best buyer’s agent: ‘Investing must be his core business’
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More from this writer:
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Following the family tradition
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Strategies, affordable housing and increasing market opportunities
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How this investor learnt from costly mistakes
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From engineer to buyer’s agent
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How this investor made a career out of a hobby
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How is each property market really performing?
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Q&A session with Paul Glossop – more questions answered! March 2018